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Old 04-07-2020, 06:12 PM
 
10,148 posts, read 13,233,558 times
Reputation: 1782

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Quote:
Originally Posted by tbailey1138 View Post
Looks like the empty beds and reduced revenues are hitting more hospital systems. Beyond furloughs, some hospitals have also suspended retirement contributions for employees. I'm sure the decreased tax revenues will also decrease reimbursement through programs like medicare and medicaid once this is through the peak period as well. This may halt expansion plans some facilities have as well due to the increased costs and the expectation to keep so much cash on hand. Interesting times for sure.

https://www.wsaz.com/content/news/Ho...569385731.html

https://www.wsaz.com/content/news/Mo...569369001.html

https://wajr.com/wvu-medicine-naviga...vid-19-crisis/
Indeed they are interesting times. Personally, I am not aware of any immediate expansion plans on the part of WVU Medicine, but they sure won't be doing any expanding during this crisis. I wasn't aware that tax revenues are used to subsidize hospitals, but since you are a provider, I have confidence in what you are saying. I think that while all hospitals are sensitive to Medicare and Medicaid reimbursements, some hospitals are more dependent on those than others, depending on the particular demographics of the areas in which they are located.

I know nothing about the Cabell/St. Mary's organization, but I do know that in normal times WVU Medicine enjoys a healthy balance sheet. Who knows how long this will last? And, we can't be sure that anything will return to normal. My guess is that it will sooner than most anticipate though. What shape will these organizations be in when that happens? Time will tell.

I can only say that Albert Wright has proven that he can work wonders as a leader. Whether he can keep the ship cruising along, virtually unimpeded or not, who is to say? My money would say he can get it done.
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Old 04-07-2020, 06:42 PM
 
10,148 posts, read 13,233,558 times
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Default Ruby Trust Buys Protective Equipment for Hospitals

Morgantown's Ruby Trust has purchased $1.3 million in personal protective equipment for hospitals in West Virginia, including WVU Medicine owned and managed facilities. They also included equipment for hospitals operated by the Cabell Huntington hospital system.

https://www.wvnews.com/news/wvnews/r...ntent=headline
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Old 04-07-2020, 08:03 PM
 
Location: WV and Eastport, ME
13,141 posts, read 12,248,391 times
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Albert Wright took a 10% pay cut while he cut the wages of the nursing aides 25%. Great guy.

Both Medicare and Medicaid are paid for with tax dollars. There's no way my Medicare premiums even begin to cover the cost of services.
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Old 04-08-2020, 12:20 AM
 
10,148 posts, read 13,233,558 times
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Quote:
Originally Posted by mensaguy View Post
Both Medicare and Medicaid are paid for with tax dollars. There's no way my Medicare premiums even begin to cover the cost of services.
Mine don't either. We must have the same Medicare.
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